Smart Mining Technologies Market valued at USD 2.3 Billion in 2022 is anticipated to reach a value of USD 9 Billion in 2030, growing at a CAGR of 14.3%.
Currently, the market for smart mining technology accounts for 20% of the total market for smart mining worldwide. Due to changes in mining company operations and a greater need for safety and error-free decision-making processes, the adoption of smart mining technologies has gained significance.
By implementing AI, mining processes move from being people-oriented to being process-oriented. With real-time shipment tracking, predictive mining maintenance, smart inventory management, and other features, intelligent mining combined with AI streamlines the supply chain.
Both surface mining, sometimes referred to as open pit or open cast mining, and underground mining operations use smart mining components and equipment. Nevertheless, the working conditions on site and the productivity of underground mines have both improved with the integration of smart mining.
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Segmental Analysis of Global Smart Mining Technologies Market:
Based on Type
- Underground Mining
- Surface Mining (Open Pit or Open cast)
Based on Category
Automated Equipment
- Excavator
- Robotic Truck
- Driller and Breaker
- Load Haul Dump
- Others
Component
- Hardware
- Sensors
- RFID Tags
- Intelligent Systems
- Others
Software
- Data and operation Management
- Safety and Security Systems
- Connectivity Solutions
- Analytics Solutions
- Remote Management and Logistics
- Asset Management Solutions
Services
- Support and Maintenance (Engineering Services)
- System Integration (Deployment Services)
Consulting Services
Competitive Landscape:
The leading players in the global smart mining market include Hitachi Construction Machinery Co. Ltd., ABB Ltd., Komatsu Ltd., Outotec Oyj, Copco, Caterpillar Inc., Atlas Joy Global Inc., Cisco Systems Inc., and Alcatel-Lucent.
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FREQUENTLY ASKED QUESTIONS:
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